The stock market can be an extremely risky game. On certain days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it can be very difficult to return to the point you were at your peak. If you are immersed in the water You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve found an online platform that will help you to improve your performance in the market. In this review, we’ll take a look at Profit.ly, a well-recognized one-stop social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Around The Globe
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and to build relationships with each other by offering a wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Profitly Around The Globe
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at the performance of the trading community and its gurus. It’s not only a chance to demonstrate your worth to a community of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you may choose to publish your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market is an opportunity for small businesses to transition into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. At 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned substantial amounts of money from their collective years of knowledge. Profitly Around The Globe
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Around The Globe
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you do want to get the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of the majority of features available in The Novice package. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders this could be a problem for those who are looking forward to this tier. Profitly Around The Globe
This is by far the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 each month with a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all features of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to pick from a range of video products designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be laid back and less engaged, while another could be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at managing trading, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to enhance their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Profitly Around The Globe
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and services offered could be too much for a lot of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Profitly Around The Globe
What we do mean”yes” is it can be a great learning tool. People who are stuck may discover Profit.ly’s array of resources to be helpful in their efforts to reduce losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Around The Globe
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade category on the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.